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Duration 21 hours
Course Outline
Fundamentals of Cost-Effectiveness Analysis
- The strategic value and intent of cost-effectiveness thinking
- Distinguishing cost-effectiveness from other evaluation methodologies
- Structuring decision questions and defining viable alternatives
Recognizing and Assessing Costs
- Direct, indirect, and opportunity costs
- Strategies for cost classification and distribution
- Leveraging cost data in comparative evaluations
Recognizing and Assessing Outcomes
- Variations in outcome types across different industries and settings
- Measuring performance, benefits, and impact
- Integrating qualitative outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Studies
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Applying ratio interpretation to support decision-making
Decision Models and Analytical Methods
- Utilizing decision matrices and scoring frameworks
- Conducting sensitivity analysis on critical variables
- Building scenarios and comparing alternative options
Managing Uncertainty, Assumptions, and Verification
- Mitigating data gaps and incomplete information
- Testing the robustness of cost and outcome inputs
- Validating conclusions for stakeholder scrutiny
Reporting and Communicating Findings
- Creating concise evaluation summaries
- Visualizing comparative data and key insights
- Substantiating recommendations with evidence
Practical Workshop: Executing a Complete Cost-Effectiveness Evaluation
- Analyzing a scenario with multiple options
- Implementing end-to-end analytical procedures
- Producing a decision-focused evaluation deliverable
Recap and Future Directions
Requirements
- A solid grasp of core financial or analytical principles
- Practical experience in assessing project choices or alternatives
- Proficiency in basic quantitative logic
Intended Audience
- Specialists engaged in decision analysis processes
- Leaders tasked with appraising project or investment opportunities
- Analysts providing support for business, technical, or policy-related decisions
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.